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401k Facts
Tips & knowledge to help your 401k planning efforts.401k Participation and Ethnicity
"The good news is that 401(k) participation and contribution decisions do not appear to vary by race/ethnicity. That finding means that for comparably situated individuals, Blacks, Whites, and Hispanics respond in a similar fashion in terms of joining a 401(k) plan and deciding how much to contribute. The bad news is that Blacks, Whites, and Hispanics are not similarly situated. Blacks and Hispanics are less likely than Whites to be eligible for an employer-sponsored plan, less likely to have characteristics that would lead them to participate, and less likely to have a taste for saving that would lead to high rates of contributions." (SOURCE: Center for Retirement Research at Boston College: 401k Plans and Race)-
Recent 401k Planning Articles
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